Common use of Sale of Pledged Property Clause in Contracts

Sale of Pledged Property. (a) The power to effect any sale pursuant to Section 8.03 hereof shall not be exhausted by any one or more sales as to any portion of the Pledged Property remaining unsold, but shall continue unimpaired until the entire Pledged Property securing the Notes shall have been sold or all amounts payable under this Indenture with respect thereto shall have been paid. The Indenture Trustee may from time to time postpone any sale by public announcement made at the time and place of such sale. To the extent permitted by law, the Indenture Trustee shall not sell the Pledged Property without the prior written consent of the Note Insurer.

Appears in 2 contracts

Samples: Indenture (First Sierra Receivables Iii Inc), First Sierra Equipment Contract (First Sierra Receivables Iii Inc)

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Sale of Pledged Property. (a) The power to effect any sale pursuant to Section 8.03 hereof shall not be exhausted by any one or more sales as to any portion of the Pledged Property remaining unsold, but shall continue unimpaired until the entire Pledged Property securing the Notes shall have been sold or all amounts payable under this Indenture with respect thereto shall have been paid. The Indenture Trustee may from time to time postpone any sale by public announcement made at the time and place of such sale. To the extent permitted by applicable law, the Indenture Trustee shall not sell the Pledged Property without the prior written consent of the Note InsurerInsurer (so long as no Note Insurer Default has occurred and is continuing) and the satisfaction of the Rating Agency Condition.

Appears in 1 contract

Samples: Indenture (Prudential Securities Secured Financing Corp)

Sale of Pledged Property. (a) The power to effect any sale pursuant to Section 8.03 hereof shall not be exhausted by any one or more sales as to any portion of the Pledged Property remaining unsold, but shall continue unimpaired until the entire Pledged Property securing the Notes shall have been sold or all amounts payable under this Indenture with respect thereto shall have been paid. The Indenture Trustee may from time to time postpone any sale by public announcement made at the time and place of such sale. To the extent permitted by law, the Indenture Trustee shall not sell the Pledged Property without the prior written consent of the Note Insurer, so long as a Note Insurer Default has not then occurred and is continuing.

Appears in 1 contract

Samples: Unicapital Corp

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Sale of Pledged Property. (a) The power to effect any sale pursuant to Section 8.03 hereof shall not be exhausted by any one or more sales as to any portion of the Pledged Property remaining unsold, but shall continue unimpaired until the entire Pledged Property securing the Notes shall have been sold or all amounts payable under this Indenture with respect thereto shall have been paid. The Indenture Trustee may from time to time postpone any sale by public announcement made at the time and place of such sale. To the extent permitted by applicable law, the Indenture Trustee shall not sell the Pledged Property without the prior written consent of the Note InsurerInsurer (or, following the Class A Termination Date, the Letter of Credit Bank).

Appears in 1 contract

Samples: Indenture (Prudential Securities Secured Financing Corp)

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